Roth Capital Boosts Earnings Estimates for Revolve Group

Revolve Group, Inc. (NYSE:RVLV) – Investment analysts at Roth Capital increased their FY2024 EPS estimates for shares of Revolve Group in a research note issued on Tuesday, October 29th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings per share of $0.60 for the year, up from their previous forecast of $0.57. The consensus estimate for Revolve Group’s current full-year earnings is $0.55 per share. Roth Capital also issued estimates for Revolve Group’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS and FY2026 earnings at $0.79 EPS.

Several other research firms have also issued reports on RVLV. Wedbush reissued a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Barclays increased their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Robert W. Baird boosted their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. UBS Group raised their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, TD Cowen lifted their target price on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.44.

Revolve Group Stock Down 1.9 %

NYSE:RVLV opened at $24.84 on Thursday. The company has a market cap of $1.75 billion, a PE ratio of 73.04, a P/E/G ratio of 2.41 and a beta of 2.05. The business’s 50 day moving average is $24.36 and its two-hundred day moving average is $20.85. Revolve Group has a 52 week low of $12.42 and a 52 week high of $26.72.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares during the period. Quarry LP purchased a new stake in Revolve Group in the 2nd quarter worth approximately $68,000. American Century Companies Inc. acquired a new stake in shares of Revolve Group during the 2nd quarter valued at $165,000. Finally, nVerses Capital LLC purchased a new position in shares of Revolve Group during the 3rd quarter valued at $171,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Insiders sold 124,573 shares of company stock worth $3,260,634 in the last 90 days. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.